Europe Gas Hits Three-Year High as Traders Race to Fill Storage

By Priscila Azevedo Rocha

Sep 8, 2026 (Bloomberg) –European natural gas prices hit a fresh three-year high as traders race to fill fuel storage facilities ahead of winter, while awaiting details of an Iran-Oman deal on shipping through the Strait of Hormuz.

Benchmark futures rose as much as 3.4% Tuesday to the highest since Jan. 2023. While Tehran said an accord is imminent and will include a temporary safe route, it remains unclear for traders how the US will respond after striking Iranian tankers over the weekend, and the risk of ship attacks remain high.

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